Blairsville GA Real Estate

A New Housing Bubble Forming…Not Before 2024!

A recent report by CoreLogic
revealed that U.S. home values appreciated by more than 37% over the
last five years. Some are concerned that this is evidence we may be on
the verge of another housing “boom & bust” like the one we
experienced from 2006-2008.

Recently, several housing experts weighed in on the subject to alleviate these fears.

Sean Becketti, Freddie Mac Chief Economist

“The evidence indicates there currently is no house
price bubble in the U.S., despite the rapid increase of house prices
over the last five years.”

“There is not likely to be a national bubble in the way that we saw the first decade of the century.”

Christopher Thornberg, Partner at Beacon Economics

“There is no direct or indirect sign of any kind of bubble.”

Bill McBride, Calculated Risk

“I wouldn’t call house prices a bubble.”

David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices

“Housing is not repeating the bubble period of 2000-2006.”

A recent article by Teo Nicolais, a real estate entrepreneur who
teaches courses on real estate principles, markets, and finance at Harvard Extension School concluded that the next housing bubble may not occur until 2024.

“Those who study the financial crisis of 2008 will
(we hope) always be weary of the next major crash. If George, Harrison,
and Foldvary are right, however, that won’t happen until after the next
peak around 2024.

Between now and then, aside from the occasional slow down and
inevitable market hiccups, the real estate industry is likely to enjoy a
long period of expansion.”

Bottom Line

The reason for the price appreciation we are seeing is an imbalance
between supply and demand for housing. This has created a natural
increase in values, not a bubble in prices.

About Area

Blairsville, Georgia is a small mountain town located in the beautiful Blue Ridge
Mountains. Widely known for being one of the most desirable destinations for
outdoor adventurers, people come to Blairsville for mountain biking, hiking,
fishing or just to marvel at the perfect beauty of nature. A large portion of the
area is in the Chattahoochee National Forest, and therefore, will remain
untouched and naturally serene and beautiful. In 1942 Lake Nottely was created
by the Tennessee Valley Authority for power production. The resulting 4,180 acre
lake today is a source of Summer fun, with boating, fishing and swimming
abundant, and the river that feeds the lake offers some of the best trout fishing in
the state. Vogel State Park, located just outside of town, is centered around
Trahlyta Lake and Trahlyta Falls. With rustic cabins on site, and primitive camp
sites, you can stay for days or weeks and enjoy swimming, paddle boating and
fishing in the lake, hike to the falls, or even play putt-putt. Just beyond Vogel
State Park are several more waterfalls with hiking trails and areas to camp, fish, or
play in the creek. In addition to all of the majestic waterways running through the
valleys, the highest elevation in the state of Georgia is in Blairsville, on top of
Brasstown Bald Mountain. Here, you can hike up to the visitor’s center (or take a
shuttle) where you have a 360⁰ view, and can see four different states on a clear
day, have a picnic, visit the gift shop, and if you’re feeling adventurous, take one
of the longer hiking trails, one of which leads to the Appalachian Trail. You won’t
be surrounded by department stores or chain restaurants in Blairsville, but you
can find handcrafted, original creations in the small shops, or if you visit the
Farmer’s Market or one of the many festivals throughout the year. This is
certainly a beautiful and unique town worth seeing, perhaps you’ll even want to
stay, and if that’s the case, contact your Century 21 Scenic Realty. We are always
here for you!

Featured Properties

32 BLACK FOREST LANE, Blairsville

2 Bathrooms

3 Bedrooms

$ 239000

9750 BLUE RIDGE HWY, Blairsville

$ 359900

3307 BLUE RIDGE HWY, Blairsville

$ 139500

Client Reviews

Without Rick’s patience and ability to make the deal work the closing would have never taken place. I would strongly recommend Rick as an agent that can get the job done. If I ever had another need for a Real Estate Broker in the North Georgia Area"

- Bill Barnett

Thank you for your professional and courteous help with the sale…I can hardly believe that you were able to get a contract on the property hand have the sale closed in less than 90 days from the listing. That is a testimony to your skills, hard wor"

- Fenn Little

Thanks for the Great Stay, Me and my Family had a wonderful time in hiawassee and the vacation home was awesome, we will be back thanks!"

- Greg Sparrow

Ralph and I want to thank you and your staff for working so hard and doing such a great job on the sale of our home…The process of getting a house ready to sell is usually very stressful situation, especially when we live in a different location"

- Ralph and Nan Frey

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